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E-commerce giant Alibaba Group, which runs Taobao.com, has established a new business offering customers higher investment yields than interest from banks. Alibaba Group, founded in 1999, provides services for Internet users in countries and regions across the world. It announced at the end of 2012 that total transaction volume at the group's online shopping platform Taobao.com exceeded 1 trillion yuan by November, or 5.4 percent of the country's retail sales for consumer goods in 2011.
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  • By Zhou Wenting In Hangzhou(China Daily)2017-04-28 07:44

    E-commerce giant Alibaba is using big data to help Chinese police keep tabs on wholesalers suspected of importing fake motor lubricants from Malaysia and selling them online, the company said. Authorities detained 11 suspects, including a Malaysian citizen, in June after it was discovered that coun...

  • By Paul Welitzkin In New York(China Daily)2017-04-27 07:20

    Jack Ma (R), founder and executive chairman of Alibaba Group, and then US President-elect Donald Trump pose for the media after their meeting at Trump Tower in New York, January 9, 2017. [Photo/VCG] Jack Ma, chairman of Alibaba Group Holding Ltd, is acting to fulfill a promise he made to US Preside...

  • (China Daily)2017-04-26 07:32

    ZHENGZHOU - Sina Corp, the company behind what's commonly known as China's Twitter, is preparing to compete with the country's web giants in online lending as the mobile market starts to slow. Sina, which controls online messaging service Weibo Corp, plans to create a separate company dedicated to p...

  • 2017-04-26 07:27

    Visitors gather at a Sina Corp stand at an internet expo held in Beijing. [Photo by Zhu Xingxin/China Daily]Sina Corp, the company behind what's commonly known as China's Twitter, is preparing to compete with the country's web giants in online lending as the mobile market starts to slow.Sina, which ...

  • By Jing Shuiyu And Qi Xin In Zhengzhou And He Wei In Shanghai(China Daily)2017-04-24 07:42

    The marketing and technological power of e-commerce giant Alibaba Group is working with President Xi Jinping's signature global economic vision to bring smaller firms into global commerce on a huge scale. The budding marriage of one of China's commerce powerhouses and the Belt and Road Initiative i...

  • (chinadaily.com.cn)2017-04-21 14:43

    Two men chat beside a logo of Alibaba at its headquarters on the outskirts of Hangzhou, Zhejiang province. [Photo/Agencies]Alibaba Group remained the legend that earmarked last year's best early investors, an annual ranking compiled by Forbes showed.Despite two and a half years since its record $25 ...

  • By He Wei In Hangzhou(China Daily)2017-04-19 08:47

    Paytm, India's largest mobile wallet operator by user number, is on course to introduce a money market fund, a credit scoring system and other functions similar to the architecture of Alipay by 2020, its chief executive officer said.The next step toward building an all-round financial services app i...

  • By He Wei In Hangzhou(China Daily)2017-04-19 07:51

    Ant Financial Services Group said on Monday it will extend its indigenous mobile payment technologies to economies along the Belt and Road Initiative and unveil a number of Alipay-like services this year. The plan marks the company's accelerated pace in expanding globally, adding to the existing fiv...

  • By He Wei In Shanghai(China Daily)2017-04-14 10:04

    Girish Ramachandran, Asia-Pacific president of Tata Consultancy Services.China's rapid strides in digital technologies have indirectly inspired India to digitise its economy, said Girish Ramachandran, Asia-Pacific president of Tata Consultancy Services, the country's largest IT player.In mobile paym...

  • By He Wei In Shanghai(China Daily)2017-04-13 07:49

    A worker fills an order at the Lazada's warehouse in Jakarta, Indonesia. [Photo/Agencies]Alibaba Group Holding Ltd expects to complete the construction of an e-commerce and logistics hub in Thailand by 2019, taking the internet behemoth closer to Southeast Asian economies and its goal of shedding it...

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